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The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

However, if you pay off these debts, there will be nothing left for investments in these tough financial times. What gives? If you are confused about whether you should pay off debt or save, you are not alone, although everyone’s financial situation is different. From a personal point of view, I much prefer living debt free.

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Shannon & Her Husband Paid off $22,000 in 9 Months

Family Balance Sheet

What do you and your spouse do for a living? Include anything that you’d like to add to give the reader an idea about your personality. I’m Shannon Brown, and I’m a crunchy Christian mama blessed to live in beautiful North Idaho. Read more about Shannon’s debt free journey.

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Find out How Acadia & Her Husband Paid off $97,000 in Student Loans

Family Balance Sheet

She writes about simple living, parenting and her family’s foster story at Fostering Simplicity. What do you and your spouse do for a living? Include anything that you’d like to add to give the reader an idea about your personality. We ended up buying a house from a relative, which put us in even more debt.

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Find out how Anna paid off $23,605 in college, personal loans, and credit cards.

Family Balance Sheet

I ended up having to give myself a small $20 monthly allowance to spend on, with, or for Aaron because the Spending Fast was causing so much tension. I knew if I didn’t give in on the Spending Fast a little bit I’d be forced to give the whole thing up. I was desperate to get out of debt so I gave in so I could keep going.

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P.E.P. for the Week of February 14-18/11-Planning Edition

Prairie Eco-Thrifter

Wealth Informatics gives us 23 ways we can have fun on a date. Canadian Finance Blog tells us why living debt free doesn’t help our credit score. Five Cent Nickel gives us alternatives to lending money to family and friends. I like the idea of helping them out with setting up a budget. How about you?

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Meet Stacy. She and her husband paid off $20,000 in 8 Months.

Family Balance Sheet

She shares delicious recipes, money saving tips and frugal living posts at her blog, Stacy Makes Cents. What do you and your spouse do for a living? Include anything that you’d like to add to give the reader an idea about your personality. We live in Southwest Virginia – I was born and raised here.

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